The federal budget deficit totaled $439 billion in October and November 2025, the first two months of fiscal year 2026, CBO estimates. That amount is $185 billion less than the deficit recorded during the same period last fiscal year.
The federal budget deficit totaled $439 billion in October and November 2025, the first two months of fiscal year 2026, CBO estimates. That amount is $185 billion less than the deficit recorded during the same period last fiscal year.